Everyday innovation
Subtitle: a practical guide to establishing and operating an innovation management system in your business
By: Hubert Henry
Publisher: Oak Tree Press
Published: 2015
Place of publication: New York]
Language: eng
ISBN-13: 9781781191811; 9781781191804
Subjects: Organizational change; Management; BUSINESS & ECONOMICS / Industrial Management; BUSINESS & ECONOMICS / Management; BUSINESS & ECONOMICS / Management Science; BUSINESS & ECONOMICS / Organizational Behavior
Description: Innovation is the harnessing of ideas for the commercial benefit of a business, to drive future growth and profitability. A formal innovation management system brings a discipline to the process of creating ideas, picking the best of these and proceeding to develop the chosen ideas into marketable products or services. EVERYDAY INNOVATION is a no-nonsense book that sets out 10 easy steps to establishing and operating an innovation management system in your business, with a comprehensive, but easy to follow, description of each step. Real-life comments show how companies close to home approach innovation. A Glossary explains all the buzzwords and terms used in innovation management, while the final chapter presents useful contacts to help you get started.
Notes: Includes bibliographical references and index.
Table of contents: title: Copyright Page; Contents; Figures; Tables; Dedication; Acknowledgements; Foreword; 1: Introducing Innovation Management; Some initial thoughts; Innovation defined; title: what it is, and what it is NOT!; Why innovation is important in any business; Comment: The importance of innovation in our business; Evelyn O'Toole, CEO, Complete Laboratory Solutions; 2: Setting Up an Innovation Management System in Your Business; title: Quickly; The key principles of an innovation management system; 10 steps to establish an innovation management system; title: Comment: Generating and maintaining an innovation management culture in a large established companyJohn McSweeney, Director of Innovation, ESB Group; 3: What to Focus Your Efforts On; Selecting an appropriate innovation framework and matrix; Establish what you want out of the process; Decide how much to spend on the process; Design a system to suit your business; The triple bottom line concept; Comment: What should we focus on and why; Rebekah Lyons, CEO, Portobello Institute; 4: Who Should Innovate?; The innovation groups in your 'ecosystem'; Innovation structures; title: Choosing the appropriate structure for your businessSetting goals, objectives and a dynamic mission for your team; Building an innovation culture; Comment: What structure did we use?; Ciaran Herr, Purchasing director, Horseware; 5: Where and When To Innovate; Portfolio management; Comment: Getting the balance right; Catherine Wheelan, HR manager, FBD Insurance; 6: Ideas Management; Sourcing ideas; What information do you provide to employees and other stakeholders on the process?; How are ideas prioritised?; Comment: Which areas did we prioritise and why?; title: John McConnell, Director of Innovation & Quality, An PostHow ideas are turned into projects; Innovation attrition rate in the review gates; Protecting your ideas; Project tracking; Project management; 7: Measuring Performance; Measuring performance through tracking Key Performance Indicators; Valuing your innovation pipeline; Comment: Valuing the innovation pipeline; Mark Bowkett, Managing director, TellLab; 8: The Role of Standards; National standards; European standards; International standards; Comment: Standards in IMS; Maurice Buckley, CEO, NSAI; 9: External Funding Support; title: General sources of direct grant funding: Republic of IrelandGeneral sources of direct grant funding: Northern Ireland; General sources of direct grant funding: Europe; Comment: Funding and support for your IMS; Denis Hayes, CEO, IRDG; Tax credits for your innovation spend: Republic of Ireland; Tax credits for your innovation spend: Northern Ireland; Comment: How we maintain records in order to obtain funding and claim tax relief for our R&D activities; Anthony Owens, CEO, Arran Chemicals; 10: Risk Management; Key risks; title: and how to manage them; A formal innovation risk management process